The proposed bill, General Assembly Proposed Bill No. 5040, aims to amend chapter 134 of the general statutes by increasing the income limits for the Connecticut Housing Finance Authority's first-time homebuyer assistance programs. Specifically, the bill proposes to set the income limit at one hundred twelve thousand dollars per person, rather than per household, for individuals employed in health care, emergency services, and teaching professions.

This change is intended to provide greater support for first-time homebuyers in these critical fields, recognizing the unique financial challenges they may face. By adjusting the income limits, the bill seeks to enhance access to homeownership for individuals in professions that are essential to the community.